Articles by Railfanning.org News Wire

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Miscellaneous

Genesee & Wyoming Reports Results for the First Quarter of 2010

April 29, 2010 Railfanning.org News Wire
GREENWICH, Conn. — Genesee & Wyoming Inc. reported net income in the first quarter of 2010 of $16.0 million, compared with net income of $13.9 million in the first quarter of 2009. GWI’s diluted earnings per share (EPS) in the first quarter of 2010 were $0.39 with 41.4 million weighted average shares outstanding, compared with diluted EPS of $0.38 with 36.4 million weighted average shares outstanding in the first quarter of 2009. “Our first quarter financial results were a good start to 2010,” said John C. Hellmann, president and CEO of GWI. “In late February, our traffic began to strengthen
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Amtrak

Amtrak is Working on the Railroad in 2010

April 29, 2010 Railfanning.org News Wire
WASHINGTON – As the 2010 construction season gets underway, Amtrak is embarking on $1 billion construction program to fund capital projects designed to rebuild, upgrade and modernize its tracks, bridges, stations and other critical infrastructure along the busy Northeast Corridor and across the country, including Chicago, Los Angeles, Seattle and the Miami area. “We are investing in our infrastructure to improve the reliability, safety and security of our operations and support the growing demand to travel by Amtrak,” said President and CEO Joseph Boardman, noting America’s passenger railroad posted record ridership numbers for the first six-months of this fiscal year.
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Union Pacific

Union Pacific Railroad Earns Third Consecutive TRANSCAER National Achievement Award

April 28, 2010 Railfanning.org News Wire
OMAHA, Neb. — Union Pacific Railroad has earned the prestigious TRANSCAER National Achievement Award for the third consecutive year. The award recognizes extraordinary achievement in support of the TRANSCAER (Transportation Community Awareness and Emergency Response) initiative. TRANSCAER is the voluntary national outreach effort to help communities prepare for and respond to a possible hazardous material transportation incident. In 2009, Union Pacific organized or assisted with multiple events that led to training more than 4,800 emergency responders. Overall, Union Pacific participated in nearly 160 TRANSCAER or TRANSCAER-related events. Union Pacific’s most significant commitments in 2009 included ethanol training tours in Illinois
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Amtrak

Amtrak Reaches Tenative Agreements for New Labor Contracts with IBEW, IAM, JCC and TCU

April 28, 2010 Railfanning.org News Wire
WASHINGTON – Amtrak has reached tentative agreements on new labor contracts with the International Brotherhood of Electrical Workers (IBEW), International Association of Machinists and Aerospace Workers (IAM), the Joint Council of Carmen, Coach Cleaner and Helpers (JCC) and the Transportation Communications International (TCU) covering the period of Jan. 1, 2010, through Jan. 1, 2015. The new contracts must be ratified by the union membership and will cover Electricians, Machinists, Carmen and Coach Cleaners, Clerks and Telegraphers. The IBEW, IAM, JCC and TCU are four of 14 labor organizations and joint councils representing Amtrak employees. The tentative agreements will affect about
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CSX

CSX Corporation Chief Executive Officer Says U.S. Must Act Aggressively to Modernize Its Infrastructure

April 28, 2010 Railfanning.org News Wire
LOS ANGELES — The U.S. must make a renewed and aggressive national commitment to modernize its infrastructure in order to keep its leading position in the global economy, Michael Ward, CSX Corporation’s chairman, president and chief executive officer said this morning as part of a panel discussion on “Investing in Global Infrastructure” at the Milken Institute Global Conference. “The quality of America’s infrastructure has long been one of the key reasons for its stunning success in the global marketplace,” Ward said. “Other nations are making serious forward-looking investments. The U.S. needs to do the same and do a better job
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Canadian Pacific

Canadian Pacific Employees Commemorate International Day of Mourning

April 27, 2010 Railfanning.org News Wire
CALGARY — Canadian Pacific employees and trains will pause in silence to commemorate men and women who have been injured or have lost their lives in the workplace on April 28, at 11 a.m. local time. “Safety has always been and will always be our number one priority,” said Ed Harris, Canadian Pacific Executive Vice-President and Chief Operating Officer. “Each year we remember those employees who have lost their lives or suffered injury in occupational incidents. Ultimately, this day heightens awareness and strengthens workplace safety.” Trains, locomotive crews, mechanical and operations employees in CP yards, engineering employees along our track